Protagonist Therapeutics Inc (PTGX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 43.38 | 8.72 | 17.00 | 6.06 | 5.64 | |
| Number of days of payables | days | 8.41 | 41.86 | 21.47 | 60.22 | 64.66 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 43.38
= 8.41
The number of days of payables for Protagonist Therapeutics Inc has fluctuated over the past five years. In 2023, the company took approximately 8.41 days to pay its suppliers, which shows a significant improvement compared to the previous year when it took 41.86 days. This suggests that in 2023, the company has managed its payables more efficiently, possibly negotiating better payment terms with suppliers or improving working capital management.
Comparing the current year to 2021, where it took 21.47 days to pay its payables, there has been a further improvement in the efficiency of managing supplier payments. In contrast, in 2020 and 2019, the company took significantly longer, 60.22 days and 64.66 days respectively, to settle its payables.
The decreasing trend in the number of days of payables indicates that Protagonist Therapeutics Inc has been enhancing its ability to manage its short-term obligations more effectively, which can have positive implications for cash flow management and liquidity. It also suggests that the company may be strengthening its relationships with suppliers and optimizing its working capital cycle.
Peer comparison
Dec 31, 2023